Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
ok, so i think you just need to put in an operator that says that if no one get 6 of 6 then, 5 of 6 inherits the pay out of 6 of 6, and if not 5 of 6 then 4 of 6 inherits the pay out of 5 of 6 and 6 of 6, and so forth. this way the lotto stays attractive and does not require someone to have $1M to run.
would that be possible for you to add that? please
would that be possible for you to add that? please
Yeah, I can add that. I'm not sure how the probabilities will work out, but it shouldn't be too much of a problem from a technical perspective. I was going to try to make it more modular anyway, so maybe I'll let people plug in their own payout system. (I should probably say that I reserve the right to stop working on this at some point, if it gets to be more work than I signed up for. But for now I'm happy to keeping improving the code, especially since working on my Ethereum scripting skills is something I'd be doing anyway.)
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so the contract is attached to the btc address that runs the contract? i'm just not understanding the mechanics of how this interfaces with the XCP/BTC system/network so that another address holder (not the initiator of the contract) can purchase a ticket. so the initiator runs this against counterpartyd (I have to figure out how that works), and then a player would also run this (i think) against his instance of counterpartyd, but what i do not understand is how the player is able to identify the contract on the blockchain to send a message that he is purchasing a ticket against that particular instantiation of the contract.
I know you are not familiar with how XCP works and the ethereum port, so it may be that someone else needs to answer how that actually happens.
I know you are not familiar with how XCP works and the ethereum port, so it may be that someone else needs to answer how that actually happens.
Since I don't know how the XCP version works, I can't help you with too many specifics. But think about how transactions work: someone initiates them, but eventually they spread throughout the network. You can point to a specific transaction based on its id, and anyone on the network can see what the transaction was based on their own copy of the blockchain. Contracts are kinda like that. They live "on the blockchain", and anyone can interact with them the same way anyone can send a transaction to any address.